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Property profile & analytics
OFF-MARKET
Neighborhood centers

1005 Craig St Selma, VA 24426

112,469 SF 5 ac lot
Property ID
Property summary
AI-generated overview

Alleghany Square, located at 1005 S. Craig Street in Covington, Virginia (zip code 24426), offers a prime retail opportunity in a vibrant market. This multi-tenant strip center boasts a total of 112,469 square feet, situated on a spacious 5-acre lot. Currently, there are two available spaces, each offering significant flexibility. One space offers a minimum of 26,000 square feet, while the maximum contiguous space available is 27,104 square feet. A substantial 53,104 square feet is currently vacant, presenting a unique opportunity for expansion or multiple tenants. The property features ample parking with 364 spaces to accommodate customers and employees. The center is conveniently located in Alleghany County, Virginia, providing easy access for both local residents and commuters. This is an exceptional opportunity for businesses seeking a prominent location with substantial space in a thriving community. The property's size and location make it ideal for a variety of retail uses. Contact us today to learn more about leasing opportunities and explore the potential of this exceptional retail property.

Property profile
Verified
Property type Neighborhood centers
Total area 112,469 SF
Lot 5 ac (217,800 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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